International Business Machines Corp.’s Buy Rating Reaffirmed at TheStreet (IBM)
International Business Machines Corp. (NYSE:IBM)‘s stock had its “buy” rating reiterated by stock analysts at TheStreet in a report issued on Friday, AR Network reports.
The analysts wrote, “International Business Machines (IBM) has been reiterated by TheStreet Ratings as a buy with a ratings score of B. The company’s strengths can be seen in multiple areas, such as its notable return on equity and expanding profit margins. We feel these strengths outweigh the fact that the company has had sub par growth in net income.”
A number of other firms have also recently commented on IBM. Analysts at Cantor Fitzgerald initiated coverage on shares of International Business Machines Corp. (NYSE:IBM) in a research note to investors on Thursday, September 19th. They set a “buy” rating and a $220.00 price target on the stock. Separately, analysts at Zacks reiterated a “neutral” rating on shares of International Business Machines Corp. (NYSE:IBM) in a research note to investors on Monday, September 16th. They now have a $202.00 price target on the stock. Finally, analysts at S&P Equity Research upgraded shares of International Business Machines Corp. (NYSE:IBM) to a “strong-buy” rating in a research note to investors on Monday, September 9th. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $218.06.
International Business Machines Corp. (NYSE:IBM) traded down 1.81% on Friday, hitting $186.77. The stock had a trading volume of 1,552,826 shares. International Business Machines Corp. has a 52 week low of $181.10 and a 52 week high of $215.90. The stock has a 50-day moving average of $187.2 and a 200-day moving average of $198.6. The company has a market cap of $204.6 billion and a price-to-earnings ratio of 13.51.
International Business Machines Corp. (NYSE:IBM) last announced its earnings results on Wednesday, July 17th. The company reported $3.91 EPS for the quarter, beating the Thomson Reuters consensus estimate of $3.77 by $0.14. The company had revenue of $24.92 billion for the quarter, compared to the consensus estimate of $25.39 billion. During the same quarter in the prior year, the company posted $3.51 earnings per share. The company’s quarterly revenue was down 3.3% on a year-over-year basis. Analysts expect that International Business Machines Corp. will post $16.89 EPS for the current fiscal year.
International Business Machines Corporation (NYSE:IBM) is an information technology (IT) company.
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